Diversifi and Cloverly partner to offset crypto carbon footprints

Diversifi, an institutional crypto risk management platform, and Cloverly, a sustainability-as-a-service platform, have come together to help the crypto sector address its carbon footprint.

According to a press release on AsiaOne.com, Diversifi offsets crypto holder’s carbon footprint by calculating it, and then using Cloverly’s carbon offset API. This process can offset the carbon impact of mining, smart contract execution, and NFT minting.

According to Eitan Katz, the CEO at Diversifi:

"We remove the complexities from the process. We want crypto investment to be a safe, positive and responsible thing: we provide ways to hedge against risk and protect against losses without affecting the environment. No other company offers that," 

The Diversifi platform offers the service through use of its dashboard. Users just need to enter the amount of BTC or ETH they want to offset, and the platform calculates the cost and then uses the Cloverly API to execute the offset. The team at Cloverly stated:

"The Cloverly team is very excited to be working with Diversifi. Combining crypto and sustainability is a much needed offering due to the energy-intensive nature of this industry. Diversifi are clearly thought-leaders in their space by bringing this offering to market."

Diversifi is encouraging all participants in the crypto space, such as miners, traders, hodlers, funds, asset managers etc. to use the service and thereby invest and transact responsibly.

The platform has also said that it is incentivising users to give the platform a go by not charging any fees (other than those charged by its partners) for a limited time. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.